Practical VC - Portfolio Allocation in 2023 and Beyond
Most of the last 40 years in the US have seen both low inflation and steady economic growth, a combination that is historically very good for stocks. But the global economy is now in an unusual low-growth / recession and high inflation environment, which means that investors have to re-think their allocation strategy.
Join us for an in-depth discussion with Aman Verjee, JD, CFA, co-founder and managing partner of Practical Venture Capital, a Silicon Valley venture secondary firm. Here are some of the topics that will be covered:
- Which asset classes have performed the best during different macro-economic periods in US history (e.g., stagflation, growth periods, recessions)?
- Should money managers follow the traditional 60-40 split between equity and fixed income?
- What are the lessons from the "lost decade" of stock market returns (1966 to 1982)?
- How can investors identify alpha-producing investments to diversify risk across future market cycles?
- New data over the past several years shows the correlation between realized investment returns from venture and large cap equity returns is close to zero.
Event Recordings
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Practical VC - Portfolio Allocation in 2023 and Beyond
Speaker
Aman Verjee
- Title
- Founder / General Partner @
- Company
- Practical Venture Capital
- Role
- Speaker
Aman Verjee has more than 15 years of financial and operational experience from both private and public technology companies. He has been a member of the management teams at some of the most successful and beloved companies in the world, including PayPal, eBay and Sonos.
Prior to becoming a general partner at Practical Venture Capital, Aman was the Chief Operating Officer of 500 Startups, which during his tenure was the world’s most active venture capital firm, measured by the number of investments made. In that role, Aman managed the global fundraising team, the seed accelerator team, and the Series A growth programs. He also managed the Investment Committee for the firm’s global funds, which collectively had over $450 million in AUM.
Prior to Sonos, Aman spent eight years at eBay, Inc., mostly at PayPal, which was acquired by eBay in 2002. Aman was the Chief Financial Officer of eBay’s North America business, which generated over $2 billion in revenues and nearly $1 billion in operating profit. Aman also led finance and strategy for PayPal.
Aman has additional experience as Financial Analyst at Lehman Brothers and Associate at McKinsey. He graduated with a degree in economics from Stanford University and has a law degree from Harvard University.
About
Practical Venture Capital
Practical Venture Capital (PVC) is a Silicon Valley VC firm that buys secondary interests in mature, top-performing early-stage VC funds and companies. The co-founders and managing partners are Dave McClure and Aman Verjee, experienced investors and internet startup veterans who have worked at PayPal, eBay, Sonos, Founders Fund and 500 Startups. They have been early investors in 30+ unicorns and 8 IPOs that have generated 50-100x+ returns including Credit Karma, Twilio, SendGrid, Lyft, TalkDesk, Canva, among others.